M&A - Crown PropTech Acquisitions

Form Type: PREM14A

Filing Date: 2025-04-30

Corporate Action: Merger

Type: New

Accession Number: 000121390025037028

Filing Summary: Crown PropTech Acquisitions is holding an Extraordinary General Meeting on May [•], 2025, to vote on proposals including a special resolution to amend the company's Charter extending the deadline for completing an initial business combination from May 11, 2025, to March 11, 2026. The meeting will also address an Adjournment Proposal, which will be voted on only if sufficient votes to approve the Extension Proposal are not achieved. The Board believes that additional time is required to complete the initial business combination, which is a condition for the company’s continued operations. Shareholders may redeem their Class A Ordinary Shares for cash based on the net amount held in the Trust Account, estimated to allow for a redemption price of approximately $11.38 per share. If the Extension Proposal is not approved, the company will wind up operations and redeem shares in accordance with the legal requirements under the Cayman Islands Companies Act. Prior meetings saw similar extensions approved, indicating ongoing shareholder engagement and decision-making. The outcomes of the upcoming vote are crucial for the company’s strategic direction regarding its business combination with Mkango Resources Ltd.